Myspace: How long till bankruptcy?

Myspace was the first into the frontier of successful social networking. From 2005-2008 they were the most visited site in the world. From 2004-2008 I had an account. Myspace wasn’t always just creeps and bad musicians.

But Facebook kicked Myspace’s @$$ and now they are #1 and Myspace is #130 and falling. Myspace’s founder Tom Anderson even said on a recent visit to Facebook Hq “Why am I not on MySpace? Because, I left the company in early 2009, and like most of you, I don’t like using it anymore.. not a fan of what the new folks have done with MySpace”.

For those of you who don’t already know Myspace is now owned by Justin Timberlake of singing and “Social Network” fame (Conflict of Interest Huh?) and another small company. I figure that if the founder of a company doesn’t even like it then they are screwed.

Could they come back? That is what happened with Apple in the 90’s. But let’s face the fact that Myspace has been dead for two years and there will be no resurrection.

I bet that Myspace will be bankrupt by next December. When did you leave Myspace?

Michael Sitver is a technology insider who has been blogging about technology since 2011. Along the way, he's interviewed founders of innovative startups, and executives from fortune 500 companies, and he's tried dozens or hundreds of gadgets. Michael has also contributed to works featured in Newsday, The San Francisco Chronicle, and the associated press.
Michael also occasionally consults, and writes for Seeking Alpha and Yahoo News.